About Capital First Bank Two Wheeler Loan
Capital First Bank provides you with two-wheeler loans that help you in getting your dream bike or scooter. It does not matter if you have bought a second-hand or used vehicle as Capital First Bank provides loans on used vehicles too.
Capital First Bank Two Wheeler Loan Eligibility Criteria
Age: Individuals who are at least 21 years old at the time of loan approval and no more than 65 years old at the time of loan maturity are eligible for Capital First Bank Two Wheeler Loan.
Income: You need a net monthly income of ₹ 10,000 for being eligible for the Capital First Bank Two Wheeler Loan.
CIBIL Score: Your CIBIL score and previous loan and credit card payback history have a direct impact on your two-wheeler loan eligibility. If you have a bad credit history, you may not be eligible for a loan; however, if you have a good credit history, you will be more likely to be approved for a two-wheeler loan.
Factors Affecting Capital First Bank Two Wheeler Loan Eligibility
- The minimum age should be 21 and the maximum should be 60.
- If you have a high income, your chances of getting a loan increase. As banks need surety that you’ll be able to repay the loan, your income becomes a major source of security for them.
- A Credit Score of 750+ helps in securing your loan. Your CIBIL Score tells your creditworthiness.
- Before you get a loan, banks do background checks and they also check the company where you work and the time period you work for. The longer the time period in the same company, the more the chances of getting a two-wheeler loan.
Documents Required for Capital First Bank Two Wheeler Loan
Capital First Bank Two Wheeler Loan Eligibility FAQs
✅ What are repayment options for Capital First Bank Two Wheeler Loan?
You can either repay by EMIs or by Bullet Repayment Option.
✅ How can we count out the EMI amount?
You can click here. It shows you your EMI amount. Dialabank has made this EMI Calculator help all its customers.
✅ What is the tenure period for Capital First Bank Two Wheeler Loan?
The tenure period for Capital First Bank Two Wheeler loan is of 7 years.